Five Key Points
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- Australia is a Tier 1 mining jurisdiction, providing diversification and low supply risk for uranium fuel buyers
- Located in South Australia, the only Australian state that has producing uranium mines with bi-partisan government support
- Port Adelaide has established uranium shipping routes for international markets
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- Idled restart mine in care & maintenance, can quickly respond to market conditions and produce within 12 months
- Annual nameplate production of 2.45Mlb U308
- 71.6Mlb U308 JORC Resource
- Additional 190Mlb U308 exploration target. 2,600km2 underexplored uranium province
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- AIC (All-In Costs) US$31.86/lb U308
- AISC (All-In-Sustaining Costs) US$25.62/lb U308
- Cash Costs US18.46/lb U308
- Low CAPEX outlay of only US$80m
- Strategic Inventory held of 1.25Mlb U308
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- 1 of only 4 fully permitted uranium mines in Australia (3 of which located in South Australia)
- Uranium Export Permit of 3.3Mlbs U308 per annum
- Native Title agreements are all in place
- Operational permits and licences in place, lower risk on timing of start up
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- MD / CEO / Strategic Adviser ex-Husab Mine (world's largest uranium producer at nameplate)
- Director Wyatt Buck ex-GM of Cameco’s McArthur River Uranium Mine and Key Lake Mill, ex-GM of Paladin’s Langer Heinrich Mine
- Director Bryn Jones ex-COO of Laramide, and operations at Heathgate
- Board and management experienced in constructing & operating uranium mines
- Enviable long term supply relationships with utilities world wide